Bitcoin Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin (BTC) experienced a 4.68% decrease in price over the last 24 hours, marking a continuation of its 7% decline over the past week. The current price stands at $65,666.00. Despite this downturn, Bitcoin's trading volume has risen by 15% in the same period, and its circulating supply has slightly increased to over 19.67 million coins. Bitcoin maintains its position as the top cryptocurrency with a market cap of $1.30 trillion.
April 02, 2024 | 3:00 pm
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Bitcoin's price has decreased by 4.68% in the last 24 hours, contributing to a 7% decline over the past week. The trading volume has increased by 15%, and the circulating supply is up by 0.11%.
The significant price drop of 4.68% in the past 24 hours, coupled with a 7% decrease over the past week, indicates a short-term bearish trend for Bitcoin. The increase in trading volume suggests heightened activity, possibly as investors react to the price changes. The slight increase in circulating supply may have a negligible impact on price. Given Bitcoin's leading market position, these factors combined are likely to influence its short-term price negatively.
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IMPORTANCE 90
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